Annual inflation cools to 2.2%; core measure above 2% for first time in 6 years
3 days ago - By National Post
OTTAWA - The country's annual inflation rate cooled slightly last month - but at 2.2 per cent, it stayed hot enough to hover above the two per cent midpoint of the Bank of Canada's ideal range,
Statistics Canada's inflation reading for April came in a little lower than the March number of 2.3 per cent - which had brought the rate to its highest mark since 2014 - and matched the 2.2 per cent figure for February.
The upward pressure on inflation last month was led by higher costs for gasoline, air transportation and restaurants, while the biggest downward forces came from cheaper prices for...
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